Kornit Digital (KRNT) Upgraded to B- by TheStreet
A number of other research analysts have also recently weighed in on the stock. Craig Hallum dropped their price objective on shares of Kornit Digital from $20.00 to $26.00 in a report on Thursday, September 28th. Barclays set a $19.00 price objective on shares of Kornit Digital and gave the company a buy rating in a report on Wednesday. Needham & Company LLC dropped their price objective on shares of Kornit Digital from $22.00 to $19.00 and set a buy rating for the company in a report on Wednesday, September 27th. Canaccord Genuity restated a buy rating and issued a $18.00 price objective (down previously from $24.00) on shares of Kornit Digital in a report on Wednesday, September 27th. Finally, Stifel Nicolaus dropped their price objective on shares of Kornit Digital from $20.00 to $18.00 and set a buy rating for the company in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $19.00.
Shares of Kornit Digital (NASDAQ:KRNT) traded up $0.62 on Thursday, hitting $15.70. 545,851 shares of the company’s stock were exchanged, compared to its average volume of 299,392. Kornit Digital has a 1-year low of $12.85 and a 1-year high of $23.15. The firm has a market capitalization of $508.56, a PE ratio of -1,570.00, a PEG ratio of 1.07 and a beta of 0.17.
Several hedge funds have recently made changes to their positions in the stock. Granahan Investment Management Inc. MA grew its holdings in shares of Kornit Digital by 61.0% in the third quarter. Granahan Investment Management Inc. MA now owns 1,969,554 shares of the industrial products company’s stock valued at $30,134,000 after purchasing an additional 746,240 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Kornit Digital in the third quarter valued at approximately $8,850,000. Grandeur Peak Global Advisors LLC grew its holdings in Kornit Digital by 20.4% during the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 89,560 shares of the industrial products company’s stock worth $1,370,000 after acquiring an additional 15,175 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in Kornit Digital during the 3rd quarter worth approximately $335,000. Finally, Granite Point Capital Management L.P. acquired a new position in Kornit Digital during the 3rd quarter worth approximately $1,224,000. Hedge funds and other institutional investors own 78.84% of the company’s stock.
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About Kornit Digital
Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.
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